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BCR in deal with EBRD to finance SMEs’ competitiveness

2 June 2008 - Issue : 784


Romanian commercial bank Banca Comerciala Romana (BCR), a member of the Erste Group has signed with the European Bank for Reconstruction and Development (EBRD) a finance agreement amounting to 20 million Euro to support competitiveness of SMEs.
Access to this facility is granted to small and medium businesses involved in investment and restructuring projects designed to consolidate their operating capacity on the single European market. The financing facility is granted for five years, including a two-year grace period.

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